The annual inflation rate in Canada was at 2 percent in December 2019, unchanged from the previous month and matching market expectations. Prices advanced further for transportation (3.7 vs 3.2 percent in November), boosted by gasoline (7.4 percent), as crude oil prices in December 2018 fell amid a global oversupply, and fuel oil & other fuels (3.5 percent); shelter (2.8 percent vs 2.5 percent); recreation, education & reading (0.3 percent vs 0.2 percent); and clothing & footwear (2.9 percent vs 2.7 percent). Also, cost of household operations, furnishings & equipment rebounded (2.9 percent vs -0.2 percent). Meanwhile, prices eased for food (3 percent vs 3.4 percent); health & personal care (1.8 percent vs 2.3 percent); and alcoholic beverages, tobacco and recreational cannabis (0.4 percent vs 1.2 percent). On a monthly basis, consumer prices were flat, after falling 0.1 percent in November. Considering full 2019, the inflation rate was at 1.9 percent, compared to 2.3 percent in 2018.
Inflation Rate in Canada averaged 3.13 percent from 1915 until 2019, reaching an all time high of 21.60 percent in June of 1920 and a record low of -17.80 percent in June of 1921. This page provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Canada
Inflation Rate in Canada is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Canada to stand at 1.90 in 12 months time. In the long-term, the Canada Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.